LGI Homes (NASDAQ:LGIH – Get Free Report) released its quarterly earnings results on Tuesday. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.54 by $0.41, Briefing.com reports. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The business had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. During the same period in the prior year, the firm posted $2.84 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis.
LGI Homes Stock Performance
Shares of LGIH opened at $109.98 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. LGI Homes has a 1 year low of $84.00 and a 1 year high of $136.89. The stock has a market capitalization of $2.58 billion, a PE ratio of 13.36 and a beta of 1.97. The stock has a 50-day simple moving average of $110.47 and a 200-day simple moving average of $102.57.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on LGIH shares. JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Wedbush reiterated a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $126.00.
LGI Homes Company Profile
LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.
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